Myntra CEO Ananth Narayanan steps down

In a new business report; Myntra CEO Ananth Narayanan has stepped down from his position which islikely to be abolished by the management.likely to be abolished.

Now; Amar Nagaram who is head of consumer shopping experience at Flipkart is going to oversee the operation of fashion e-tailer. On Friday, Nagaram was moved to Myntra as chief technology and product officer. Furthermore; many key Myntra leaders including chief revenue officer Mithun Sundar and HR head Manpreet Ratia have also resigned.

Last month,Narayanan denied reportsthat he was quitting in the wake of a reshuffle in the ranks following Binny Bansal’s exit from Flipkart.As part of rejigging, Myntra’s chief technology officer Jeyandran Venugopal is expected to a new role in the Flipkart storefront merchandising team.